Higher Purpose, Incentives and Economic Performance
How does organizational higher purpose affect employee behavior and firm output? We develop an optimal-contracting model which shows that pursuing...
Read moreHow does organizational higher purpose affect employee behavior and firm output? We develop an optimal-contracting model which shows that pursuing...
Read moreUsing a unique sample, we attempt to identify the consequence of the separation between inside ownership and control for firm performance. We exploit...
Read moreThis paper studies the two potentially contrasting effects on IPO pricing and post-IPO operating performance of family ties as well as social ties the...
Read moreDo corporate donations enhance shareholder wealth or reflect agency problems? We address this question for a global sample of firms whereby we...
Read moreOver recent decades, the on-going “digital revolution” has transformed many aspects of everyday life. Think of the increased power and shrinking...
Read moreWe show that female directors have a significant impact on board inputs and firm outcomes. In a sample of US firms, we find that female directors have...
Read moreThis paper is the first study on the effects of pay-performance sensitivity (PPS) on the performance of initial public offerings (IPOs) in the presence...
Read moreWe study how the existence of important production contracts affects the choice of CEO compensation contracts. We hypothesize that having major...
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